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THE MUSIC TRADE REVIEW
Creditors Claim the Pianos.
Assets In Barker Estate in Dispute—Writ of
Interpleader Brought.
[Special to The Review.J
New Haven, Conn., May 23, 1901.
Eight pianos that were included in the
stock of Win, L. Barker, a piano dealer
on Chapel street, who has gone into bank-
ruptcy, are involved in a dispute that has
arisen between creditors of Barker and Jacob
Doll, the manufacturer of pianos, of New
York city. When Barker filed his petition
the statement showed that a number of pia-
nos were included in the assets. They were
out on leases and these were claimed by the
creditors. Doll claims them all as his prop-
erty. He says that they were temporarily
in possession of Barker and did not form
any part of the bankrupt's estate. To de-
cide who will have possession of the musi-
cal instruments a suit of inter-pleader has
been brought by Frank I. Booth, one of the
creditors, against Doll, the maker of the
pianos, and Attorney E. S. Thomas, who is
trustee of the Barker estate. The value of
the instruments is about $2,500. The case
will be determined in the Superior Court.
Death of An Old Organ Maker.
Wm, J. Kent, aged eighty-seven, who,
who, in the long ago was a member of the
old firm of Geo. A. Prince & Co., organ
manufacturers, Buffalo, N. Y., was recently
struck and fatally injured by a train while
crossing the Mew York Central Bridge over
the Erie Canal in Buffalo. Mr. Kent was
born in England, but came to Buffalo when
very young. He became a successful man-
ufacturer of organs, and later associated
himself with Geo. A. Prince. He is survived
by a married daughter and one son, Geo. X.
Kent, a real estate dealer of Pittsburg.
A Tribute to S. B. Bond.
S. B. Bond, president of the Packard Co.
and also president of the old National Bank,
Fort Wayne, I ml., is the subject of the fol-
lowing remarks in connection with the pub-
lication of his portrait in the Gazette, under
the caption "Prominent Men of Fort Wayne":
"Mr. Bond is one of the most successful
men in Fort Wayne. He is esteemed by all
classes, loved by those who know him best,
but he is modest and has never given a
sketch of his life for publication. He is
kind-hearted and his charities are many and
substantial, but he gives for the love of giv-
ing. He has helped many men to succeed
and can measure his labors in the up-build-
ing of the city with any man, but he speaks
not of himself. He is one of God's noblemen,
one of God's servants, for he helps his fel-
low men."
The Sohmer in Buffalo.
Geo. F. Hedge, Son & Co. are now the
Sohmer representatives at Buffalo, and are
making a special exhibit of Sohmer products
during the Pan-American Exposition. This
firm is progressive. They are conducting
an active campaign throughout their terri-
tory and are bringing prominently to notice
in Buffalo the sterling merits of the Sohmer
grands and uprights.
Further Shaw Developments.
The New Corporation Tax.
[Special to The Review.]
Outside Companies Doing Business in This
State ilust Pay Before Next Monday.
Pittsburg, Pa., May 18, 1901.
Two involuntary petitions in bankruptcy
were filed this morning in the United States
District Court, in cases where there is due
the four petitioning creditors $300,000. One
petition is against the Shaw Piano Co., of
Erie. It is alleged that the company is in-
solvent and has made a voluntary assign-
ment for the benefit of its creditors.
The schedule shows that there is due the
Produce Exchange National Bank, of Cleve-
land, the sum of $42,633; the American
Exchange National Bank, $4,430; the Ma-
rine National Bank, of Erie, $36,710, and
the First National Bank, of Erie, $74,797.
The other case is against Matthew Gris-
wold, of Erie. The schedule in that case
shows that he owes the Produce National
Bank, of Cleveland, $38,961 ; the American
National Bank, of Cleveland, $1,930, the
Marine National Bank, of Erie, $27,682,
and the First National Bank, of Erie, $81,-
959-
It is said that the liabilities of the piano
company amount to between $300,000 and
$400,000, with assets of about $75,000. Gris-
wold was formerly connected with the piano
company, but sold out some time ago. He
is considered one of the wealthiest men of
Erie, but has been endorsing notes of the
piano company. A rule was granted to show
cause why the United States marshal should
not take possession of the property of the
company.
The Wagener Co. Incorporate.
Among the incorporations filed with the
Secretary of State of Delaware, on Tues-
day last was that of the Wagener Piano Co.,
with a capital stock of $50,000. It is the pur-
pose of the new company to manufacture
pianos. The incorporators are: Chas. H.
Wagener, of Illinois; H. H. Copeland and
W. A. Kipp, both of New Jersey.
Wants Standard Pitch.
At a meeting of
held in Springfield,
committee consisting
Oakman and Arthur
to secure a standard
halls of that city.
the Musicians' Union
Mass., on Monday, a
of C. L. Hoyt, C. A.
Amsden was appointed
pitch for pianos in the
Trusts and Trusts.
The question of trusts has now assumed
a ludicrous aspect. From the West we learn
of a church trust, a music trust, and another
trust of the Federation of Music to kill
competition in rag-time. And now that we
have an ice trust, why not an ice cream
trust to buy up the usual crop of ice cream
jokes that are turned out during the hot
spell. Of course, there was some "big
talk" a century or so ago about a piano
trust, but it seems to have disappeared with
the cold weather.
Decides in Johnson's Favor.
ludge McPherson has decided in the
United States Circuit Court in favor of
Eldredge R. Johnson in the suit which was
brought against Johnson by Frank Seaman
and others to restrain the manufacture and
sale of gramophones.
Under the M. E. Lewis act, which is
Chapter 588 of the Laws of 19OT, all for-
eign manufacturing corporations must pay
a license tax of one-eighth of 1 per cent,
on their capital stock employed in this State.
Heretofore foreign corporations could enter
New York State and do business without
paying a license tax, which corresponds or
is equivalent to the organization tax. The
only exemptions are banking corporations,
fire, marine, casualty, and life insurance
companies, co-operative fraternal insurance
companies, and building and loan associa-
tions.
The law will hit that class of big corpo-
rations which have during the past few years
taken advantage of the tax laws of New
Jersey and other States to incorporate under
them, though intending to do the bulk of
their business in New York State.
Some of the experts on corporation law
hold that all the old foreign manufacturing
corporations, even those familiarly known
as trusts, that are doing a large manufac-
turing business in this State under a char-
ter from New Jersey or other State, are sub-
ject to the tax imposed under the new law.
If this opinion holds good, then the Ameri-
can Sugar Refining Co. alone would pay
$75,000 into the State Treasury.
The thirty days of grace given to foreign
corporations that have been doing business
in this State for more than a year in which
to pay the tax expires May 26th, 1901. At
the utmost the time could not be extended
beyond May 27th, the 26th falling on Sun-
day, and under the new law amendment if
payment of the tax is delayed beyond that
date the foreign corporations will be de-
barred from the privilege of bringing any
suit or obtaining any recovery in any court
because a receipt for the payment of the li-
cense tax cannot be produced.
At the State Controller's office in Albany,
it is learned that the corporations show no
signs of preparing to pay the tax, or that
their legal advisers are aware of the strin-
gent character of the penalty for non-pay-
ment before May 26th.
The Pianophone's New Quarters.
As announced excusively in The Review
of May 4th, the Pianophone bids fair to be-
come a great factor in the piano-playing
field in the near future. The officers and
directorate now include men eminent in the
General Electric Co. and the Standard Oil
Companies, as well as W. E. Gilmore, who
is general manager for Thos. A. Edison. The
Pianophone will hereafter be manufactured
in the Root Building, Orange, N. J., which
has been leased by the company for a long
term of years. Already a number of men
are at work in the new factory, under the
superintendency of Geo. Howlett Davis, in-
ventor of the Pianophone, who will here-
after give his entire time to the manufac-
ture and development of this department of
the business.
Francis Connor reports business, both
wholesale and retail, as satisfactory.